Ann: Debt Funding Support from K-SURE, page-36

Of course in the Lithium space... 100% of NPV... that's just how they roll:


While most of these have other exploration assets, the bigger reason for the disconnect between EV and NPV is that investors (mostly retail investors) are valuing these companies based off Lithium spot pricing which has gone so bonkers I don't even bother looking at it any more. I expect similar things to happen in the Nickel/Cobalt space (perhaps not to the same extent), it's just that Lithium is the first domino to fall (possibly because it is a less mature industry and therefore less elastic also creating more uncertainty/panic surrounding future supply). Here I'm speculating, and other people here would have a much better handle on this than me.

At any rate, I look forward to the day when QPM gets swept up in a retail frenzy and smashes out a 1000% EV to NPV.

All IMO DYOR.